Company XYZ just issued a dividend of $2.13 on its common stock . The company anticipates that these dividends will continue to grow at a constant rate of 3.8% each year indefinitely.The company's common stock currently sells for $44.76.

What is this company's cost of internal equity (r_S)?

Enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e. 0.1234)